NYK and ENEOS Ocean Corporation have announced the name of their newly formed shipping company: NYK Energy Ocean Corporation (NEO). The company will take over ENEOS Ocean’s non-crude-oil shipping business, with NYK acquiring 80% of its shares and making it a subsidiary.
Following the completion of regulatory approvals from the Japan Fair Trade Commission and other relevant authorities, the transaction is set to be finalized on April 1, 2025, when NEO will officially commence operations.
Leadership...